Leasing is you paying the estimated depreciation of the lease period. The 1st 3 years is when a car depreciates the fastest and you have nothing to show for it.
Depreciation is a myth. A car is a tool not an investment. And if depreciation is a real worry for normal people then why do houses not depreciate? They don’t last forever. In fact on average they only last 50 years. But their prices never go down. Not until they get condemned. Why doesn’t the price on a 5 year old car go up instead of down? It’s got 10 more years in it easily and it’s proven not to be a lemon.
But you know what the real insanity is? Paying 400 dollars a month for years for a car with extra restrictions and then having to turn it in or pay even more to own it. Subscription cars need a lot more consideration, like full warranty, maintenance, and insurance for the entire lease period. Upgrade deals at the end. Because the way it is now you’re just giving shit up to keep paying a corporation.
Ok, that fucken explains most everything. I dont know how folks over in Germany do things, but im gonna presume that theres a decently functional public transit system available in most regions. That doesnt exist here in the US for the most part, need to get anywhere you’ll probably be driving, and if you need to guarantee that the vehicle will work then you will probably own your own car.
No, you’re right, the US sucks in a large way, in many, many areas. What we’re all a bit put off by, and maybe it’s the time zone difference, or a cultural communication difference, is that we’re having g a discussion, receive information that doesn’t fit the pattern of our experiences. For example, and I’m not quoting your words, just how I received them: everyone I know leases, oh, and the company pays it, oh, and this is in Germany. This Information wasn’t presented initially, and I suppose it is on us and our assumptions, but the reader had to sus it out over several threads and we are lambasted as insipid when we’re not in possession of all the relevant data.
As stated, perhaps that is our fault. Maybe when first presented with an outlier claim, we should ask: “oh, wow - that’s amazing - what country do you live in?” and that would promote a more upbeat dialog.
The only place I’ve heard of everyone in the company driving company cars was in California, a water manager was stealing water and selling it on top of some other scams. He spread the spoils around to keep people quiet it took over 20 years before he was caught.
I saw elsewhere you’re in Germany. Most countries do not have a rule requiring companies to provide cars for work. It’s only available for executives or workers that often have to travel without being near a company office. That’s why we’re all so incredulous that you consider it normal.
Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day.
Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
You’ll have to pardon my skepticism on that claim of a $90,000 lease for $240/mo, even subsidized to the moon. Combined with the earlier statement that they were all employer-provided.
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Leasing is you paying the estimated depreciation of the lease period. The 1st 3 years is when a car depreciates the fastest and you have nothing to show for it.
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Depreciation is a myth. A car is a tool not an investment. And if depreciation is a real worry for normal people then why do houses not depreciate? They don’t last forever. In fact on average they only last 50 years. But their prices never go down. Not until they get condemned. Why doesn’t the price on a 5 year old car go up instead of down? It’s got 10 more years in it easily and it’s proven not to be a lemon.
But you know what the real insanity is? Paying 400 dollars a month for years for a car with extra restrictions and then having to turn it in or pay even more to own it. Subscription cars need a lot more consideration, like full warranty, maintenance, and insurance for the entire lease period. Upgrade deals at the end. Because the way it is now you’re just giving shit up to keep paying a corporation.
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Where the fuck do you live that everyone drives company cars? Where I live the closest ya get is company trucks with the water or electric company.
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Ok, that fucken explains most everything. I dont know how folks over in Germany do things, but im gonna presume that theres a decently functional public transit system available in most regions. That doesnt exist here in the US for the most part, need to get anywhere you’ll probably be driving, and if you need to guarantee that the vehicle will work then you will probably own your own car.
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No, you’re right, the US sucks in a large way, in many, many areas. What we’re all a bit put off by, and maybe it’s the time zone difference, or a cultural communication difference, is that we’re having g a discussion, receive information that doesn’t fit the pattern of our experiences. For example, and I’m not quoting your words, just how I received them: everyone I know leases, oh, and the company pays it, oh, and this is in Germany. This Information wasn’t presented initially, and I suppose it is on us and our assumptions, but the reader had to sus it out over several threads and we are lambasted as insipid when we’re not in possession of all the relevant data.
As stated, perhaps that is our fault. Maybe when first presented with an outlier claim, we should ask: “oh, wow - that’s amazing - what country do you live in?” and that would promote a more upbeat dialog.
Anyway, guten tag
The only place I’ve heard of everyone in the company driving company cars was in California, a water manager was stealing water and selling it on top of some other scams. He spread the spoils around to keep people quiet it took over 20 years before he was caught.
So you have a company car. And you think that’s normal?
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I saw elsewhere you’re in Germany. Most countries do not have a rule requiring companies to provide cars for work. It’s only available for executives or workers that often have to travel without being near a company office. That’s why we’re all so incredulous that you consider it normal.
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Coming from someone who sold cars via a dealership (sorry): leasing is a perfect way to get fucked in the ass every day of the year, and twice on renewal day. Yes, it is a titled asset. Yes, it has a depreciating value. BUT - the only way leasing makes financial sense is: 1) you can expense the lease payment to a self-owned business (and it needs to be a pretty big percentage), or 2) accept that you are paying a gobsmackingly large amount of money to eat the absolute shit out of the depreciation you’re seeking to avoid, only to do it again in 3 years, for the ability to drive that new car off the lot on the regular.
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You’ll have to pardon my skepticism on that claim of a $90,000 lease for $240/mo, even subsidized to the moon. Combined with the earlier statement that they were all employer-provided.
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